One of the most common requests we receive relates to incorporating a Company in the UAE and matters relating to corporate and personal taxation in the Emirates. Following the introduction of VAT legislation, UAE announced the introduction of corporate tax for Companies operating in the country. We thus asked our colleagues to provide an overview […]
Corporate Tax in the UAE Read More »
The Registrar of Companies announced that the implementation of the Final Solution of the UBO Registry in Cyprus will take place in October 2023. Following the implementation of the Final Solution, a period of one (1) month will be given for confirmation and completion of the information submitted in the current UBO registry system (of
Cyprus Companies UBO Registry: Final Solution Read More »
The House of Representatives of Cyprus recently passed a new legislation to regulate and encourage certain strategic investments in Cyprus. What is a Strategic Investment The legislation introduces a mechanism for classifying an investment as ‘strategic’. In particular, an investment may be classified as strategic if: Other provisions of the legislation include the establishment of
Strategic Investments in Cyprus: New Legislation Read More »
Artificial Intelligence is increasingly being made available and widely used in various forms. Artificial Intelligence (AI) – enabled tools, such as Chat GPT, are expected to have a great impact across industries. To ensure a human-centric and ethical development of AI in Europe, to promote the uptake of AI and to address the risks associated
AI Act: Paving the road to EU Regulation on Artificial Intelligence Read More »
In accordance with EU regulations and in an attempt to encourage and facilitate home ownership in Cyprus, a tax break was introduced on the purchase of new residential property for first-time home buyers in Cyprus. Current Scheme Cyprus VAT Tax Law provides for the imposition of 19% VAT coefficient on the purchase of newly built
Reduced 5% VAT Coefficient: First-Time Home Buyers Read More »
As of July 2000, the rights of the employees in Cyprus in cases of transfer of undertakings, businesses or part thereof, are safeguarded and regulated by ‘the Safeguarding and Protection of Employees Rights in the Event of the Transfer of Undertakings, Businesses or Parts Thereof Law (104(I)/2000)’ (the «Law»). The Law applies to the transfer
Transfer of Undertakings or Businesses: Safeguarding Employees’ Rights Read More »
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